SINOVATE (SIN) is an open-source state of the art community-driven digital cryptocurrency. We build innovative blockchain solutions for individuals, developers, and enterprises. Incorruptible Data Storage (IDS) provides decentralized cloud storage, leveraging thousands of Infinity Nodes, with guaranteed low cost and high security.
The Big “DATA” Problem
Your Data, Your privacy.
Centralized cloud storage exposes data to privacy leaks and data breaches. The management can control, monitor, censor, or provide data to third parties, and the stored data could be lost or modified.
Centralized storage servers gather in one or several places to reduce costs, and on the occasion of a power interruption or other malfunction, many related services often fail or even have the danger of losing the data forever.
The costs of centralized storage are extremely high, these include employee salaries, accounting expenses, legal charges, administration duties, and data centre rents.
Centralized cloud storage is the hub of stored files, data, and databases administered within computing servers over a network.
Cloud storage platforms do their best to provide stable performance, but most cloud providers’ achievements are regularly problematic due to sharing physical resources, such as network, memory, disk, CPUs, with many different users and requirements, 100% uptime can not be guaranteed.
File transfer speeds are critical to cloud storage, especially when dealing with large files. Even though there are limitations of centralized cloud storage, it still has considerably faster speeds than the current decentralized cloud platforms.
Through the usage of view keys, Sinovate dCloud data is hidden and private by default. Releasing the viewkey removes this privacy component, making dCloud a private system with optional public data.
Using a novel best-of-n algorithm, data on the Sin dCloud has unprecedented security and redundancy, without sacrificing speed.
Thanks to Proof-of-Burn incentives, the network rewards InfinityNodes for their actual service and creates a demand-driven economy where node owners have an incentive towards providing a better, cheaper, and more stable service when compared to competitors.
InfinityNodes and Hybrid PoW & PoS consensus ensure high mining and staking participation rates; there are no entry barriers, anybody can set a node up, mine or stake in the SINOVATE blockchain, and everyone contributes to the network security thanks to the usage of these hybrid proofs.
The limited lifespan of Infinity Nodes ensures all node participants can give the users the best possible service not to damage their own initial investment. Unlike other masternode or cloud storage platforms, there is no cancelling of nodes before the maturity date, meaning that all nodes must remain online for 12 months, which guarantees full redundancy, stability, speed and sustainability.
Through the usage of an economic-incentive-based novel redundancy algorithm, each node will hold a deterministically chosen copy of each data piece, split across a predetermined amount of network node participants.
Infinity Nodes are a first of its kind burn-collateralised nodes that receive monetary incentives for running its hardware and hosting files. They are the backbone of IDS dCloud.
Incorruptible Data Storage (IDS) is an innovative decentralized cloud and private network mechanism for sending, storing, and verifying encrypted files. It allows users to store files for future retrieval and to send files privately over peer-to-peer.
Completely separate from the main SINOVATE blockchain, the InfiniteChain will be a new blockchain built on the BIG Infinity Node Layer (BIL), which uses the proof-of-burn and proof-of-stake consensus mechanisms.
To protect and enhance the decentralization of the SINOVATE blockchain, a leading-edge custom proof-of-work hashing algorithm was innovatively developed and implemented. The X25X algorithm is a brand new algorithm best suited for GPU mining.
MEET OUR TEAM
Head of Development
Big Data Specialist
Lead Core Developer
Dev. Technical Manager
Wayne St Ledger
Russian Ambassador Marketing
Become A Part
Of Our Community
You can be a voice for developments, marketing and innovations of the SINOVATE chain is vital for everyone.
Please find many documents, reports, and guides for assisting you in the SINOVATE ecosystem.
Frequently Asked Questions
What is SINOVATE?
SINOVATE (SIN) is an open-source state of the art digital cryptocurrency. We create and build innovative blockchain services for individuals, developers, and enterprises. Big Data solutions, Deterministic Infinity Nodes, Decentralized Cloud (dCloud), proof-of-integrity, proof-of-inheritance, and inflation-control are some of the resolutions presented to the crypto space.
WHAT IS THE CURRENT FINANCIAL STATUS ON SINOVATE?
SINOVATE endeavors to provide transparency across business and development related activities at all times. We publish updates regarding our financial status every month. Financial articles.
WHAT IS THE PLAN FOR ADOPTION IN REAL-LIFE SINOVATE?
Our team draws from a broad diversity of skills from many areas of business and across many different industries. This allows us to design and hone the experience of interacting with the SINOVATE Blockchain at many levels, from developers, business leaders, and operational standards, down to the end-user experience.
This allows us to develop software and user experiences from the perspective of all involved, ensuring that the end-user is the primary focus.